Fading and dingy, perhaps (5)
I believe the answer is:
dying
'fading' is the definition.
(I've seen this in another clue)
'dingy perhaps' is the wordplay.
'perhaps' indicates anagramming the letters.
'dingy' is an anagram of 'DYING'.
'and' acts as a link.
(Other definitions for dying that I've seen before include "Coluring, hair or fabric" , "Failing to get laughs" , "Passing away" , "final" , "Perishing" .)